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Summary of benefits for a fully restored canal

 

Benefit

Value of Benefit

Evidence

Employment Created:

Temporary Construction Jobs (person years)

1,485 Person Years

Gibb 2001, Ecotec 2007

Employment Created:

Long Term Full-Time Equivalent Jobs

1,163 FTE Jobs

Gibb 2001,

Ecotec 2007

Property Price & Land Value Premium

Property adjacent to restored / new canal

Property within 100 m of restored / new canal

Property within 500 m of restored / new canal

15 to 25 % increase

10 to 15 % increase

5 to 10 % increase

Gibb 2001

Gibb 2001

Gibb 2001

Property Development

Residential units

Commercial / industrial m2

Leisure m2

2,370 units

111,400 m2

19, 800 m2

Gibb 2001

Gibb 2001

Gibb 2001

Development Investments (over project life)

£73 million

Gibb 2001

Development Revenues (over project life)

£17 million

Gibb 2001

NB: Excludes £310 million Waterside Development Scheme in Chesterfield now approved

Telecommunication & Utility Wayleaves

West: Staveley to Killamarsh

East: Killamarsh to Kiveton Park

£28,800 per year

£19,200 per year

Jacobs 2009

Navigation Activity Benefits (boater spend)

Visiting Private Boats

Local Private Boats

Hire Boats

Trip Boats

Total

£140,000 per year

£200,000 per year

£500,000 per year

£80,000 per year

£920,000 per year

All Gibb 2001 revised in light of Jacobs 2009

Marina Income Benefits (boater spend per year)

NE Derbyshire & Chesterfield Marinas: £90,000

Rotherham Marinas: £390,000

£480,000 per year

British Waterways 2007

Paddle-sport Benefits

(canoeing & rowing spend per year)

£6920 per year

British Waterways 2008

Angling Activity (visit spend included in visitor spend)

West: Staveley to Killamarsh

East: Killamarsh to Kiveton Park

£12,000 per year

£14,500 per year

British Waterways 2008

General Visitor Expenditure in Economy (includes all income from walkers, cyclists, anglers and general visitors excluding boaters)

£2.2 million per year

Gibb 2001, but see Ecotec 2007

Total Tourism, Leisure & Recreation Expenditure in Economy (i.e. total of above)

£3.62 million per year

as per previous

Health and Well-Being Benefits

West: Staveley to Killamarsh

East: Killamarsh to Kiveton Park

Expressed as potential cost savings to NHS per year.

£0.32 to £3.20 million

£0.21 to £2.10 million

Peacock et al 2005, Jacob 2009

 

This is an extract from the report Next Navigation: Restoration of the Chesterfield Canal between Staveley and Kiveton Park (Chesterfield Canal Partnership 2010) which presents the case for restoration and sets out detailed plans for its achievement. For further information contact Dr Geraint Coles, Chesterfield Canal Partnership Development Manager on 01246 433 186 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

 

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Work Party
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